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HomeMy WebLinkAbout06-160 - ADMIN Resolution - City Council - 2006/10/03RESOLUTION NO. 06-160 RESOLUTION AUTHORIZING INSTALLATION AND SPECIAL ASSESSMENT OF FIRE SPRINKLER SYSTEM AT 5551 WEST LAKE STREET, ST. LOUIS PARK, MN 55416 AMENDING AND RESTATING RESOLUTION NO. 06-069 WHEREAS, Cotty Lowry and Laune Jacobi commercial property, located at 5551 West Lake Street has petitioned the City of St. Louis Park to authorize a special assessment for the installation of a fire sprinkler system in the building on the Benefited Property; and WHEREAS, the Property Owner has agreed to waive their right to a public hearing, nght of notice and right of appeal pursuant to Minnesota Statute, Chapter 429; and WHEREAS, the City Council of the City of St. Louis Park has received a report from the Fire Marshal related to the installation of the fire sprinkler system. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Louis Park, Minnesota, that: 1. The petition from the Property Owner requesting the approval and special assessment for the fire spnnkler system is hereby accepted. 2 The installation of the fire sprinkler system in conformance with the plans and specifications approved by the Fire Department and Department of Inspections is hereby authonzed. 3 The total estimated cost for the design and complete installation of the fire spnnkler system is accepted at $39,970.00 4. An administrative fee of $200.00 for processing shall be added to the special assessment. 5. The total special assessment against the property will be $40,170.00. 6. The Property Owners have agreed to waive their nghts to a public heanng, notice and appeal from the special assessment, whether provided by Minnesota Statutes, Chapter 429, or by other statutes, or by ordinance, City Charter, the constitution, or common law. 7 The Property Owners agree to pay the City for the cost of the above improvements through a special assessment over a ten (10) year penod at four point seventyseven percent (4.77%) interest. Resolution No 06-160 -2- 8. The Property Owners agree to execute an agreement with the City and any other documents necessary to implement the installation of the fire spnnkler system and the special assessment of all costs associated therewith. Attest: City Clerk i y era- )0-L.Cc Adopted by the City Council October 3, 2006 l Mayo, ceA • • •